Understand the Goods and Services Tax (GST) and its impact on businesses. Learn about GST rates, compliance requirements, and its role in simplifying taxation. Stay updated with the latest GST news and updates.
Goods and Services Tax : The article discusses how GST authorities are increasingly reversing ITC based on upstream NGTP allegations without proving fraud ...
Goods and Services Tax : The article explains common objections raised during GST departmental audits under Section 65, including ITC mismatches, GSTR reco...
Goods and Services Tax : The article explains how rigid GST compliance and fear of penalties are pushing small businesses back into cash transactions. It s...
Goods and Services Tax : The new Invoice Management System (IMS) will introduce real-time invoice matching and automated ITC verification under GST. Busine...
Goods and Services Tax : This article explains updated GST rates, ITC rules, SAC classifications, and compliance requirements applicable to hotels and hosp...
Goods and Services Tax : Representation addressed to Union Finance Minister, GST Council and CBIC seeks legislative and administrative relief for bona fide...
Goods and Services Tax : Authorities uncovered fraudulent ITC claims based on fake invoices without actual supply of goods or services. The accused was arr...
Goods and Services Tax : The representation highlights ambiguity in whether the ₹2.5 crore ITC threshold should be annual or cumulative. It emphasizes th...
Goods and Services Tax : Authorities arrested the key accused for orchestrating fake ITC claims and fictitious export transactions. The case highlights str...
Goods and Services Tax : Authorities uncovered fraudulent ITC claims exceeding ₹8 crore without actual supply of goods. The ruling highlights that ITC is...
Goods and Services Tax : The Bombay High Court held that rejection of a manual GST appeal was unsustainable where DRC-07 was not available on the GST porta...
Goods and Services Tax : Gauhati High Court held that cancellation of GST registration without assigning reasons in FORM GST REG-19 was illegal and violate...
Excise Duty : CESTAT Delhi remanded the matter after finding that the Commissioner (Appeals) failed to consider the appellant’s affidavit and ...
Goods and Services Tax : Bombay High Court held that GST proceedings initiated against a company that had ceased to exist after amalgamation were void ab i...
Corporate Law : High Court directed authorities to examine claims relating to additional road work, carriage charges, GST differential, and deduct...
Goods and Services Tax : The GST Appellate Tribunal issued a detailed order constituting benches across India and classifying GST disputes into three categ...
Goods and Services Tax : The Principal Bench of GSTAT instructed scrutiny officers not to raise defects where appellants upload required soft copy document...
Goods and Services Tax : The Central Government amended Notification No. 14/2018-UT Tax by replacing officials listed against Serial No. 2. The notificatio...
Goods and Services Tax : The Central Government has authorized the GSTAT Principal Bench, New Delhi, to hear appeals under Section 101B of the CGST Act. Th...
Goods and Services Tax : The data highlights a sharp increase in GST collections driven by import-related IGST. It confirms strong revenue performance and ...
Court held that GST remains payable if services were rendered, even without payment. It remanded matter for fresh consideration as taxpayer failed to provide adequate evidence.
Covers the week’s most important regulatory changes across tax, customs, DGFT, SEBI, RBI, and labour laws. sweeping updates affecting trade, markets, banking, and employment.
Explains that GST compensation ended in June 2022 because the Constitution restricted it to a five-year period. The key takeaway is that no extension or further payout is legally required.
The Government detailed GST collections and funds devolved to Karnataka from 2021–25, confirmed no pending special grants, and stated that no alternative GST compensation mechanism is under consideration.
The Government detailed the monitoring and compliance mechanisms used to ensure companies pass on GST rate reductions to end users. It highlights oversight by CBIC, NPPA directives, and consumer grievance channels.
This tool matches taxes paid against liabilities and identifies discrepancies automatically. It ensures smooth, error-free GSTR 9 compliance across multiple GSTINs.
Learn the new GSTR 9 rules for reporting Input Tax Credit in FY 2024-25, including how to correctly record claims, reversals, and reclaims for current and preceding financial years.
Explains how exporting electricity to the grid becomes a taxable “barter” event, making electricity an exempt supply and triggering proportional ITC reversal under Section 17(2).
The Court ruled that trade with PoK falls within India’s taxable territory, attracting CGST and SGST. Key takeaway: PoK is treated as part of India for GST place-of-supply rules.
The Delhi government allows registered taxpayers to rectify GST orders where previously denied ITC is now eligible under section 16(5) or 16(6). The process ensures claims are submitted electronically with proper verification.
